Early Xiaomi Backer Qiming Slashes Fund Goal to $600 Million

Qiming Venture Partners is slashing its new fund targeting Chinese AI and healthcare startups by a quarter to $600 million, in a sign of lingering caution among global investors about the country’s tech scene.

​Qiming Venture Partners is slashing its new fund targeting Chinese AI and healthcare startups by a quarter to $600 million, in a sign of lingering caution among global investors about the country’s tech scene.